The Butcher Well Joint Venture is currently an exploration JV between Saracen Mineral Holdings Pty Ltd (SAR) and AngloGold Ashanti Australia (AGA). The current JV equity is SAR 30% : AGA 70%. The JV encompasses two tenement packages, Butcher Well and Lake Carey covering approximately 34sqkm.
AngloGold currently manage the JV and are actively exploring the key prospective areas across the tenure.